| Form 990 Part III line 4a |
- Received a combined total of $60.9 million in donor-advised contributions from more than 390,000 donors around the globe resulting in over 50,000 grants to more than 15,000 charities and schools. - Distributed 96.10% of donor advised contributions received in 2013, when taking into account the timing difference created by the monthly granting schedule. The Foundation records the grant expenses for December advised contributions in the following calendar year. In January 2014, the Foundation disbursed the remainder of funds received and advised in 2013. |
| Form 990 Part III line 4b |
- In 2012, Razoo Foundation commissioned a philanthropic educational initiative to report on both historic and contemporaneous research addressing the tool of donor advised funds ("DAFs"). This research, culminating in a white paper to inform various constituencies in and around the philanthropic community, demonstrates how DAFs in an online environment can significantly facilitate grass roots philanthropy by dramatically lowering both the barriers and costs of creating communities around cause-related fundraising. Work on the white paper continued in 2013 and the paper was published on February 19, 2014. Please visit razoofoundation.org/resources for more information. - Razoo Foundation was generously provided the web blog Inspiring GenerosityTM through the generous gift of Razoo Global Corporation. The blog, now hosted at razoofoundation.org/blog received over 21,000 unique visitors in December 2013. Razoo Foundation has contracted with several well-known bloggers in the nonprofit industry to provide engaging, helpful, and educational content to nonprofits, fundraisers, and donors alike. This content is designed to engage and encourage innovative and effective methods in fostering the democratization of philanthropy through state of the art technology and e-solutions. - Razoo Foundation sponsored several speaking opportunities at nonprofit technology conferences and via online webinars for its board member, Lesley Mansford, to educate nonprofits and fundraisers on effective online fundraising techniques. This included speaking at the Austin and San Francisco Social Media for Nonprofits conferences in August and October 2013. In total an estimated 2,500 individuals in the nonprofit community attended a live conference or online webinar. Expenses allocated to philanthropic educational activities include nonprofit training and educational program service expenses as well as an estimated portion of legal program service expenses for DAF and other educational research. |
| form 990 part III line 4d |
The Razoo Foundation partnered with 19 foundations such as the Utah Community Foundation, GiveMN, and the Community Foundation of Western Massachusetts to organize giving events for their communities. During these events, donors make advised contributions to the Razoo Foundation's donor advised fund in support of qualified nonprofit organizations highlighted by the respective community foundation. Leader boards track the organizations receiving the most advisements by amount and by number of donors, creating an exciting and competitive environment for stimulating charitable giving. During 2013, the partnering foundations provided over $3.3 million in matching grants to nonprofits receiving advisements during the events. These matching grants were also a key incentive for both nonprofits and donors to become involved in their community-giving event. Additionally, the giving events provided educational opportunities for participating nonprofits to learn about online fundraising, social media outreach, and how to greatly expand their network of donors and volunteers. The initiatives undertaken by the Razoo Foundation beginning in 2011 were greatly expanded in 2012 and 2013 and have proven instrumental in providing educational resources for the partnering foundations and nonprofits, enabling each partnering client to successfully execute their giving event within the community they serve. |
| Form 990 Part VI line 2 |
THERE WAS A BUSINESS RELATIONSHIP BETWEEN ROBERT LOTINSKY, LESLEY MANSFORD, AND BRYCE MELVIN WHEREBY THE NAMED INDIVIDUALS WERE EACH EMPLOYEES OF RAZOO GLOBAL CORPORATION. |
| Form 990 Part VI line 8b |
razoo foundation has no committees with authority to act on behalf of its board of directors. |
| Form 990 Part VI line 11b |
the form 990 is prepared by outside accountants and reviewed by the management and board of directors prior to filing with the irs. |
| Form 990 Part VI lines 12c |
razoo foundation's conflict of interest policy requires any director, officer, or management employee to fully and promptly disclose any possible conflict of interest to the President or Secretary of the Foundation. The policy further requires annual submission of a conflicts of interest disclosure questionnaire within 10 days of the annual board meeting, confirming that all conflicts and potential conflicts have been disclosed. |
| Form 990 Part VI line 15 |
There are currently no paid staff for Razoo Foundation. |
| Form 990 Part VI line 19 |
the foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request. |
| Part xii line 2c |
The Foundation's Board is currently an effective working size, and therefore has not delegated responsibility for the financial audit to a committee. Thus the Board assumes the role and responsibility of an audit committee and oversees the review and audit of the Foundation's financial statements and the selection of an independent accountant. |
Attach to Form 990 or 990-EZ.